Royce & Associates LP Acquires 382,664 Shares of Viant Technology Inc. $DSP

Royce & Associates LP boosted its holdings in Viant Technology Inc. (NASDAQ:DSP) by 72.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 912,043 shares of the company’s stock after acquiring an additional 382,664 shares during the quarter. Royce & Associates LP owned 1.46% of Viant Technology worth $10,981,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CWM LLC lifted its position in Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after acquiring an additional 2,267 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Viant Technology in the 4th quarter valued at about $64,000. BNP Paribas Financial Markets lifted its position in Viant Technology by 433.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after acquiring an additional 6,454 shares in the last quarter. Franklin Resources Inc. bought a new position in Viant Technology in the 3rd quarter valued at about $100,000. Finally, Envestnet Asset Management Inc. bought a new position in Viant Technology in the 2nd quarter valued at about $166,000. Institutional investors own 11.38% of the company’s stock.

Insider Activity at Viant Technology

In related news, major shareholder Capital V. Llc sold 7,500 shares of Viant Technology stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $10.79, for a total value of $80,925.00. Following the sale, the insider owned 37,500 shares of the company’s stock, valued at approximately $404,625. The trade was a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy Vanderhook sold 2,796 shares of Viant Technology stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $10.74, for a total transaction of $30,029.04. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 195,798 shares of company stock worth $2,181,451. Company insiders own 29.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DSP. DA Davidson raised their price target on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. B. Riley Financial lifted their target price on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Loop Capital set a $14.50 target price on shares of Viant Technology in a research report on Tuesday, March 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $18.00.

Viant Technology Trading Up 0.1%

NASDAQ:DSP opened at $11.08 on Thursday. The stock has a market capitalization of $726.07 million, a PE ratio of 30.78 and a beta of 1.00. The firm’s 50 day moving average is $10.97 and its 200 day moving average is $11.00. Viant Technology Inc. has a 12 month low of $8.11 and a 12 month high of $15.18.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The company had revenue of $88.54 million during the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. Research analysts predict that Viant Technology Inc. will post -0.12 earnings per share for the current year.

Viant Technology Profile

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.